E-commerce major Flipkart has made an interim change for its finance functions following the resignation of its chief financial officer Sanjay Baweja. TOI reported in its October 26 edition that Baweja has resigned from the company after spending almost two years at the e-commerce firm.

According to people aware of the development, commercial, taxation, accounting and treasury functions will be consolidated under Rajnish Baweja, group finance controller at Flipkart while business finance will report to Nitin Seth, chief administrative officer, Flipkart. These changes have been made in the light of Baweja's resignation who will leave the Bengaluru based e-tailer at the end of the year.

Corporate affairs and campus functions will also report to Nitin while the search for a new CFO has begun by Flipkart.

When contacted, Flipkart spokesperson confirmed the development.

Baweja's exit has come at a time when Flipkart is looking to raise fresh funds and has been engaged in talking to investors including Walmart.

While Flipkart managed to stay ahead of Amazon during the annual sale event this year but the festive season sales are still underway battling with each other. Amazon has been aggressively cornering market share in a bid to topple Flipkart from the pole position in Indian e-commerce market.

Baweja's exit adds to the growing list of senior level executives who have left the firm in recent past including Mukesh Bansal, Myntra founder and Flipkart commerce platform head, Flipkart CBO Ankit Nagori and Punit Soni who joined the firm as its CPO last year.